OLIVIER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
OLIVIER
Largest movements
- Tangible fixed assets -€6,951
down €6,951 (-20.4%), from €34,012 to €27,061
of which Furniture and vehicles: -€8,932
- Receivables within one year +€3,099
up €3,099 (+61.6%), from €5,034 to €8,133
- Cash +€1,110
up €1,110 (+10.9%), from €10,162 to €11,272
mainly Net result for the year (+€17,555) and Depreciation (+€9,249)
- Other debts -€18,571
down €18,571 (-22.6%), from €82,173 to €63,601
- Profit (loss) carried forward +€17,555
up €17,555 (+26.5%), from -€66,183 to -€48,628
- Debts after one year -€4,116
down €4,116 (-45.3%), from €9,078 to €4,962
- Advances received +€1,524
new in 2025: €1,524
- Trade debts +€1,457
up €1,457 (+80.7%), from €1,804 to €3,261
- Gross operating margin +€9,065
up €9,065 (+47.8%), from €18,979 to €28,044
- Depreciation -€5,502
down €5,502 (-37.3%), from €14,751 to €9,249
- Staff costs +€291
new in 2025: €291
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,089 | €48,188 | -€2,901 | -5.7% |
| Fixed assets | 21/28 | €34,012 | €27,061 | -€6,951 | -20.4% |
| Tangible fixed assets | 22/27 | €34,012 | €27,061 | -€6,951 | -20.4% |
| Plant, machinery and equipment | 23 | - | €1,981 | +€1,981 | |
| Furniture and vehicles | 24 | €34,012 | €25,080 | -€8,932 | -26.3% |
| Current assets | 29/58 | €17,077 | €21,127 | +€4,050 | +23.7% |
| Amounts receivable within one year | 40/41 | €5,034 | €8,133 | +€3,099 | +61.6% |
| Trade receivables | 40 | €5,034 | €8,133 | +€3,099 | +61.6% |
| Cash at bank and in hand | 54/58 | €10,162 | €11,272 | +€1,110 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,882 | €1,723 | -€159 | -8.5% |
| Total equity and liabilities | 10/49 | €51,089 | €48,188 | -€2,901 | -5.7% |
| Equity | 10/15 | -€47,591 | -€30,036 | +€17,555 | +36.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,183 | -€48,628 | +€17,555 | +26.5% |
| Amounts payable | 17/49 | €98,681 | €78,224 | -€20,457 | -20.7% |
| Amounts payable after more than one year | 17 | €9,078 | €4,962 | -€4,116 | -45.3% |
| Financial debts | 170/4 | €9,078 | €4,962 | -€4,116 | -45.3% |
| Amounts payable within one year | 42/48 | €89,603 | €73,262 | -€16,341 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €3,993 | €4,116 | +€123 | +3.1% |
| Trade debts | 44 | €1,804 | €3,261 | +€1,457 | +80.7% |
| Suppliers | 440/4 | €1,804 | €3,261 | +€1,457 | +80.7% |
| Advances received on contracts in progress | 46 | - | €1,524 | +€1,524 | |
| Taxes, remuneration and social security | 45 | €1,633 | €760 | -€873 | -53.4% |
| Taxes | 450/3 | €633 | €760 | +€127 | +20.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €82,173 | €63,601 | -€18,571 | -22.6% |
| Remuneration, social security and pensions | 62 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,751 | €9,249 | -€5,502 | -37.3% |
| Other operating charges | 640/8 | €344 | €212 | -€132 | -38.3% |
| Gross operating margin | 9900 | €18,979 | €28,044 | +€9,065 | +47.8% |
| Operating profit (loss) | 9901 | €3,884 | €18,292 | +€14,408 | +371% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €755 | €737 | -€18 | -2.4% |
| Recurring financial charges | 65 | €755 | €737 | -€18 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €3,129 | €17,555 | +€14,427 | +461% |
| Profit (loss) for the period | 9904 | €3,129 | €17,555 | +€14,427 | +461% |
| Profit (loss) for the period to be appropriated | 9905 | €3,129 | €17,555 | +€14,427 | +461% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.